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Price Elasticity of Supply Price elasticity of supply (PES) measures the responsiveness of the quantity supplied of a good or service to a change in its price. While PED looks at how consumers react…
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This section covers Price Elasticity of Supply as part of Price Elasticity in Grade 11 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.
Yes. All notes on Hlayiso, including "Price Elasticity of Supply", are written against the official CAPS curriculum and ATP for Grade 11 Economics.
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